Trump has won the American presidential election, and both the House of Representatives and the Senate have Republican majorities. The major uncertainty regarding President Trump's political agenda will probably lie like a wet blanket over the economy in the near future.

The Swedish krona has been weak and it has gone from bad to worse in recent months, as the anticipated strengthening of the krona has actually turned out to be the weakest level against the euro in more than six years. We have been bullish for some time and still believe the EURSEK is at elevated levels, but we feel it is necessary to adjust our short-term forecast up to 9.55 (9.35).